Stag Industrial (NYSE:STAG) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Stag Industrial (NYSE:STAGGet Free Report) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01, FiscalAI reports. The firm had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.

Stag Industrial Price Performance

Stag Industrial stock traded up $0.05 during trading hours on Tuesday, reaching $40.69. 2,843,025 shares of the stock were exchanged, compared to its average volume of 1,433,530. The stock has a 50 day moving average of $38.79 and a two-hundred day moving average of $38.34. The company has a market cap of $7.78 billion, a P/E ratio of 31.54 and a beta of 0.97. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. Stag Industrial has a twelve month low of $33.72 and a twelve month high of $42.61.

Wall Street Analyst Weigh In

STAG has been the subject of a number of recent research reports. Evercore reissued an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a research report on Wednesday, April 29th. Wells Fargo & Company cut their price objective on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Barclays increased their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Weiss Ratings cut shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Raymond James Financial initiated coverage on shares of Stag Industrial in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price target for the company. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $40.70.

Get Our Latest Research Report on Stag Industrial

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Stag Industrial in the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC grew its position in Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,048 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Stag Industrial by 76.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 764 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Stag Industrial in the fourth quarter worth about $70,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Stag Industrial by 160.4% in the 4th quarter. Advisors Asset Management Inc. now owns 1,919 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 1,182 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Company Profile

(Get Free Report)

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.

Further Reading

Earnings History for Stag Industrial (NYSE:STAG)

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